John Hancock Advisers, LLC

________________________________________________________________________

Xxxx Xxxxxxx Advisers, LLC

Xxxx Xxxxxxx Investment Management Services, LLC
000 Xxxxxxxx Xxxxxx

Xxxxxx, XX 00000

June 25, 2014

To the Trustees of:

Xxxx Xxxxxxx Funds II

000 Xxxxxxxx Xxxxxx

Xxxxxx, XX 00000

Re: Amended and Restated Expense Limitation Agreement and Voluntary Expense Limitation Notice

With reference to the Amended and Restated Advisory Agreement dated September 26, 2008, entered into by and between Xxxx Xxxxxxx Investment Management Services, LLC (”JHIMS”) and Xxxx Xxxxxxx Funds II (the “Trust”), as amended, and the Advisory Agreements dated December 18, 2013 and January 1, 2014 entered into by and between Xxxx Xxxxxxx Advisers, LLC (collectively with JHIMS, the “Adviser”) and the Trust, as amended, on behalf of each series of the Trust (each, a “Fund” and collectively, the “Funds”), we hereby notify you as follows:

1. The Adviser agrees to waive its management fee for each Fund or, to the extent necessary, bear other expenses, as set forth in the Appendix attached hereto. As noted in the Appendix, certain waivers are voluntary and may be terminated at any time by the Adviser upon notice to the Trust.

2. We understand and intend that you will rely on this undertaking in overseeing the preparation and filing of Post-effective Amendments to the Registration Statement on Form N-1A for the Trust and the Funds with the Securities and Exchange Commission and in accruing each Fund’s expenses for purposes of calculating its net asset value per share and for other purposes permitted under Form N-1A and/or the Investment Company Act of 1940, as amended, and we expressly permit you so to rely.

Very truly yours,

XXXX XXXXXXX ADVISERS, LLC

XXXX XXXXXXX INVESTMENT MANAGEMENT SERVICES, LLC

By: /s/ Xxxxxxx X. Xxxx

Name: Xxxxxxx X. Xxxx

Title: Chief Financial Officer

ACCEPTED BY:

XXXX XXXXXXX FUNDS II

By: /s/ Xxxxxxx X. Xxxxx

Name: Xxxxxxx X. Xxxxx

Title: Chief Financial Officer

APPENDIX A

Fund Level Contractual Expense Limitations

-- The Adviser contractually agrees to reduce its management fee for each Fund listed below, or if necessary make payment to the Fund, in an amount equal to the amount by which the “ Other Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund set forth below. “Other Expenses” means the expenses of the Fund, excluding (a) advisory fees (b) taxes, (c) brokerage commissions, (d) interest expense, (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense.

For the following Funds the current expense limitation agreement expires on December 31, 2014 (December 31, 2015 in the case of Retirement Living through 2055 Portfolio, Retirement Choices at 2055 Portfolio, and Retirement Living through II 2055 Portfolio), unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Asia Pacific Total Return Bond Fund 0.15%

Retirement Living through 2050 Portfolio 0.05%

Retirement Living through 2055 Portfolio 0.05%

Retirement Choices at 2055 Portfolio 0.05%

Retirement Choices at 2050 Portfolio 0.05%

Retirement Choices at 2045 Portfolio 0.05%

Retirement Choices at 2040 Portfolio 0.05%

Retirement Choices at 2035 Portfolio 0.05%

Retirement Choices at 2030 Portfolio 0.05%

Retirement Choices at 2025 Portfolio 0.05%

Retirement Choices at 2020 Portfolio 0.05%

Retirement Choices at 2015 Portfolio 0.05%

Retirement Choices at 2010 Portfolio 0.05%

Retirement Living through II 2010 Portfolio 0.05%

Retirement Living through II 2015 Portfolio 0.05%

Retirement Living through II 2020 Portfolio 0.05%

Retirement Living through II 2025 Portfolio 0.05%

Retirement Living through II 2030 Portfolio 0.05%

Retirement Living through II 2035 Portfolio 0.05%

Retirement Living through II 2040 Portfolio 0.05%

Retirement Living through II 2045 Portfolio 0.05%

Retirement Living through II 2050 Portfolio 0.05%

Retirement Living through II 2055 Portfolio 0.05%

Lifestyle II Aggressive Portfolio 0.10%

Lifestyle II Growth Portfolio 0.10%

Lifestyle II Balanced Portfolio 0.10%

Lifestyle II Moderate Portfolio 0.10%

Lifestyle II Conservative Portfolio 0.10%

X-0

XXXXXXXX X

Class Specific Contractual Expense Limitations

For each Fund listed in the table below, the Adviser contractually agrees to waive and/or reimburse all class specific expenses for the share classes of the Fund listed in the table below, including Rule 12b-1 fees, transfer agency fees and service fees, shareholder servicing fees, blue-sky fees, and printing and postage fees and other class specific expenses (“Class Level Expenses”), to the extent they exceed the amount of average annual net assets (on an annualized basis) attributable to the class set forth in the table (the “Class Expense Waiver”).

For purposes of implementing any total fund operating expense limitations set forth in the tables in Appendix D in addition to a Class Expense Waiver for the same share class, the Class Expense Waiver will be applied first and if following the application of the Class Expense Waiver to the extent that “Expenses” of the share class (as described in Appendix D) exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table in Appendix D (the “Class Total Operating Contractual Expense Limitation”), the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to the class in an amount equal to the amount by which “Expenses” (as described in Appendix D) of the share class exceed the Class Total Operating Contractual Expense Limitation.

The current expense limitation agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Fund	Class R6	Expiration Date of Expense Limit
Absolute Return Currency Fund (formerly Currency Strategies Fund)	0.00%	November 30, 2015
Emerging Markets Fund	0.00%	December 31, 2015
Floating Rate Income Fund	0.00%	December 31, 2015
Global Absolute Return Strategies Fund	0.00%	November 30, 2015
Natural Resources Fund	0.00%	December 31, 2015
Small Cap Value Fund	0.00%	December 31, 2015
Strategic Income Opportunities Fund	0.00%	December 31, 2015

Special Class Specific Waivers

Redwood Fund

The Adviser contractually agrees to waive and/or reimburse all transfer agency fees and service fees for Class R6 shares of Redwood Fund to the extent they exceed 0.00% of average annual net assets (on an annualized basis) attributable to Class R6 shares. This expense waiver expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

B-1

APPENDIX C

Class Specific Voluntary Expense Limitations

For each Fund listed in the table below, the Adviser voluntarily agrees to waive and/or reimburse all class specific expenses for the share classes of the Fund listed in the table below, including Rule 12b-1 fees, transfer agency fees and service fees, shareholder servicing fees, blue-sky fees, and printing and postage fees and other class specific expenses (“Class Level Expenses”), to the extent they exceed the amount of average annual net assets (on an annualized basis) attributable to the class set forth in the table (the “Class Voluntary Expense Waiver”).

For purposes of implementing any total fund operating expense limitations set forth in the tables in Appendix E in addition to a Class Voluntary Expense Waiver for the same share class, the Class Voluntary Expense Waiver will be applied first and if following the application of the Class Voluntary Expense Waiver to the extent that “Expenses” of the share class (as described in Appendix E) exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table in Appendix E (the “Class Total Operating Voluntary Expense Limitation”), the Adviser agrees to reduce its management fee or, if necessary, make payment to the class in an amount equal to the amount by which “Expenses” (as described in Appendix E) of the share class exceed the Class Total Operating Voluntary Expense Limitation.

The Adviser may terminate these voluntary waivers at any time upon notice to the Trust.

Fund	Class R6	Effective Date of Expense Limit
N/A

C-1

APPENDIX D

Class Level Contractual Total Operating Expense Limitations

For each Fund listed in the table below, the Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.

“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense. The current expense limitation agreements expire on the dates specified, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Fund

Class A

Class B

Class C

Class

Class R1

Class R2

Class R3

Class R4

Class R5

Class R6

Class NAV

Expiration Date of Expense Limit

(except as otherwise noted)

Absolute Return Currency Fund (formerly Currency Strategies Fund)

1.60%

(expires 11/30/14)

N/A

2.25%

(effective 8/28/14)

X/X

1.05%

(expires 11/30/14)

See Appendix B

N/A

November 30, 2015

Emerging Markets Debt Fund

1.35%

(expires 12/31/14)

N/A

2.30%

(effective 8/28/14)

1.04%

(expires 12/31/14)

X/X

December 31, 2015

Fundamental All Cap Core Fund

1.30%

N/A

2.00%

(effective 6/27/14)

0.94%

X/X

November 30, 2015

Fundamental Large Cap Core Fund

1.30%

N/A

0.94%

X/X

November 30, 2015

D-1

Fundamental Large Cap Value Fund

1.30%

N/A

2.00%

(effective 6/27/14)

0.94%

X/X

November 30, 2015

Global Absolute Return Strategies Fund

N/A

2.00%

N/A

1.50%

(expires 11/30/14)

See Appendix B

N/A

November 30, 2015

Global Income Fund

1.35%

N/A

1.04%

X/X

November 30, 2015

International Growth Equity Fund

1.35%

N/A

1.10%

X/X

November 30, 2015

International Small Company Fund

1.63%

(expires 12/31/14)

N/A

2.35%

(effective 6/27/14)

1.23%

(expires 12/31/14)

X/X

December 31, 0000

Xxxxxxxx Xxxxxxx Xxxx

X/X

2.35%

(effective 6/27/14)

X/X

1.22%

(expires 12/31/14)

See Appendix B

N/A

December 31, 2015

Floating Rate Income Fund

1.20%

1.95%

X/X

0.81%

See Appendix B

X/X

Xxxxxxxx 00, 0000

X-0

Short Duration Credit Opportunities Fund (formerly Multi Sector Bond Fund)

1.21%

N/A

2.00%

(effective 6/27/14)

0.90%

X/X

November 30, 2015

Natural Resources Fund

1.58%

N/A

1.38%

X/X

1.28%

See Appendix B

N/A

December 31, 2014

Strategic Income Opportunities Fund

1.15%

(effective 7/1/14; 1.17%

until 7/1/14)

N/A

1.85%

(effective 7/1/14; 1.87%

until 7/1/14)

N/A

1.20%

(effective 7/1/14; 1.22%

until 7/1/14)

N/A

0.83%

(expires 12/31/14)

See Appendix B

N/A

December 31, 2015

U.S. Equity Fund

1.35%

(expires 12/31/14)

N/A

2.05%

(effective 8/28/14)

0.89%

(expires 12/31/14)

X/X

December 31, 2015

Small Cap Value Fund

1.60%

N/A

1.30%

X/X

1.20%

X/X

Xxxxxxxx 00, 0000

Xxxxxxx Fund

1.70%

N/A

2.40%

1.40%

X/X

December 31, 2015

Technical Opportunities Fund

N/A

2.50%

(effective 8/28/14)

X/X

November 30, 2015

D-3

APPENDIX E

Voluntary Total Operating Expense Limitations

For each Fund listed in the table below, the Adviser voluntarily agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as outlined in the table below.

“Expenses” means all fund level and class specific operating expenses, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) underlying fund expenses (“acquired fund fees”), (e) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (f) short dividend expense. The Adviser may terminate these voluntary waivers at any time upon notice to the Trust.

Fund

Class A

Class B

Class C

Class

Class R1

Class R2

Class R3

Class R4

Class R5

Class R6

Class NAV

Effective Date of Expense Limit

China Emerging Leaders Fund

1.70%

N/A

1.37%

X/X

1.26%

December 19, 2013

Diversified Strategies Fund

1.70%

N/A

1.39%

X/X

September 20, 2013

Global Equity Fund

1.35%

X/X

N/A

March 15, 2013

E-1

APPENDIX F

Fund Level Investment Management Fee Waivers

International Value Fund

Natural Resources Fund

Small Cap Opportunities Fund

The Adviser contractually agrees to waive its management fee for each Fund in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current expense limitation agreement expires on December 31, 2014, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Strategic Equity Allocation Fund

The Adviser voluntarily agrees to waive its management fee for the Funds in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Strategic Income Opportunities Fund

Effective July 1, 2014, the Adviser contractually agrees to reduce its management fee (after giving effect to asset-based breakpoints) by 0.02% as a percentage of average annual net assets of the Fund. The current expense limitation agreement expires on December 31, 2015, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

F-1

APPENDIX G

Retirement Living Portfolios’ Class Only Expense Limitation Agreement

Retirement Living Portfolios

-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the Retirement Living Portfolios and Retirement Living II Portfolios set forth below in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2014 (December 31, 2015 in the case of Retirement Living through 2055 Portfolio and Retirement Living through II 2055 Portfolio), unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Portfolio	Class A	Class R1	Class R2	Class R3	Class R4	Class R5	Class R6	Class I
Retirement Living through 2055	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2050	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2045	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2040	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2035	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2030	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A
Retirement Living through 2025	0.50%	0.75%	0.50%	0.65%	0.25%	0.05%	0.00%	N/A

G-1

Retirement Living through 2020

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2015

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Retirement Living through 2010

0.50%

0.75%

0.50%

0.65%

0.25%

0.05%

0.00%

N/A

Portfolio	Class 1	Class R1	Class R2	Class R3	Class R4	Class R5	Class R6	Class I
Retirement Living through II 2055	N/A	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2050	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2045	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2040	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2035	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2030	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2025	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2020	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2015	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A
Retirement Living through II 2010	0.05%	N/A	0.50%	N/A	0.25%	N/A	0.00%	N/A

G-2

APPENDIX H

Lifestyle Portfolios’ Class Only Expense Limitation Agreement

Lifestyle Portfolios

-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the five Lifestyle Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:

Class A

Class B

Class C

Class R1

Class R2

Class R3

Class R4

Class R5

Class R6

0.41%

1.30%

N/A

0.56%

N/A

0.00%

“Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on April 30, 2015, unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Lifestyle II Portfolios

-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of each of the five Lifestyle II Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as follows:

Class A	Class B	Class C	Class R1	Class R2	Class R3	Class R4	Class R5	Class X0
X/X	X/X	X/X	X/X	X/X	X/X	N/A	N/A	0.10%

“Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on December 31, 2014 unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

H-1

APPENDIX I

Retirement Choices Portfolios’ Class Only Expense Limitation Agreement

Retirement Choices at 2055 Portfolio

Retirement Choices at 2050 Portfolio

Retirement Choices at 2045 Portfolio

Retirement Choices at 2040 Portfolio

Retirement Choices at 2035 Portfolio

Retirement Choices at 2030 Portfolio

Retirement Choices at 2025 Portfolio

Retirement Choices at 2020 Portfolio

Retirement Choices at 2015 Portfolio

Retirement Choices at 2010 Portfolio

-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Retirement Portfolios in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Portfolio’s business and (g) short dividend expense. The current expense limitation agreement expires on December 31, 2014 (December 31, 2015 in the case of Retirement Choices at 2055 Portfolio), unless renewed by mutual agreement of the Portfolio and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Class R1

Class R2

Class R4

Class R6

0.75%

0.50%

0.25%

0.00%

I-1

APPENDIX J

Voluntary Advisor Waiver Agreement

X. Xxxx Price Subadvised Funds

The Adviser has voluntarily agreed to reduce the management fee for each of the following funds subadvised by X. Xxxx Price Associates, Inc. by the amount that the subadvisory fee is reduced for the fund by X. Xxxx Price Associates, Inc. pursuant to the Amended and Restated Group Fee Waiver Agreement between Xxxx Xxxxxxx Investment Management Services, LLC and X. Xxxx Price Associates, Inc. dated September 30, 2011.

Blue Chip Growth Fund

Capital Appreciation Value Fund

Equity-Income Fund

Health Sciences Fund

Mid Value Fund

Real Estate Equity Fund

Science & Technology Fund

Small Company Value Fund

Spectrum Income Fund

Deutsche Bank Subadvised Funds

Effective June 1, 2013, the Adviser has voluntarily agreed to reduce the management fee for each of the following funds subadvised by Deutsche Investment Management Americas Inc. (“Deutsche”) by the amount that the subadvisory fee for the fund is reduced by Deutsche pursuant to the Deutsche fee letter agreement dated May 13, 2013.

Global Real Estate Fund

Real Estate Securities Fund

This voluntary expense reimbursement will continue in effect until terminated at any time by the Adviser on notice to the Trust.

J-1

APPENDIX K

Alternative Asset Allocation Expense Limitation Agreement

Alternative Asset Allocation Fund

The Adviser contractually agrees to reduce its management fee for the Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Other Expenses” of the Fund exceed 0.04% as a percentage of average annual net assets (on an annualized basis) of the Fund. “Other Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense. The current expense limitation agreement expires on December 31, 2014, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

-- The Adviser contractually agrees to reduce its management fee or, if necessary, make payment to each of the following share classes of the Fund in an amount equal to the amount by which the “Expenses” of the share class exceed the percentage of average annual net assets (on an annualized basis) attributable to the class as set forth in the table below. “Expenses” means all expenses attributable to a class of shares, excluding fund level expenses such as (a) advisory fees, (b) underlying fund expenses (“acquired fund fees”), (c) taxes, (d) brokerage commissions, (e) interest expense, (f) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business and (g) short dividend expense. This expense limitation agreement expires on December 31, 2014 (June 30, 2015 in the case of Class R6), unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

Class A

Class C

Class I

Class R2

Class X0

Xxxxx X0

X/X

0.67%

0.42%

0.00%*

* 0.20% until January 1, 2014. Contractual expense limit of 0.00% takes effect February 1, 2014. Voluntary expense limit of 0.00% from January 1, 2014 until February 1, 2014.

The Adviser contractually agrees to reduce its management fee by 0.10% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current expense limitation agreement expires on December 31, 2014, unless renewed by mutual agreement of the Fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

K-1

APPENDIX L

Voluntary Advisor Waiver Agreements

Lifestyle Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Lifestyle Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.50% of the Fund’s first $7.5 billion of average annual net assets and 0.49% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Retirement Living Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Retirement Living Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Retirement Living II Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Retirement Living II Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Retirement Choices Portfolios

The Adviser voluntarily agrees to waive its advisory fee for each Retirement Choices Portfolio (each a “Fund”) so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.51% of the Fund’s first $7.5 billion of average annual net assets and 0.50% of the Fund’s average annual net assets in excess of $7.5 billion. The Adviser may terminate this voluntary waiver at any time upon notice to the Trust.

Alternative Asset Allocation Fund

The Adviser voluntarily agrees to waive its advisory fee for the Fund so that the aggregate advisory fee retained by the Adviser with respect to both the Fund and its underlying investments (after payment of subadvisory fees) does not exceed 0.60% of the Fund’s average annual net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Fund.

L-1

Total Return Fund

Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Total Return Fund (after giving effect to asset-based breakpoints) by 0.02% of the Total Return Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Total Return Fund.

Alpha Opportunities Fund

Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund.

Natural Resources Fund

Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Natural Resources Fund (after giving effect to asset-based breakpoints) by 0.03% of the Natural Resources Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Natural Resources Fund.

Effective March 20, 2014, the Adviser also voluntarily agrees to limit its advisory fee to 0.99% of the Natural Resources Fund’s average daily net assets (before giving effect to other waivers/reimbursements). The Adviser may terminate this voluntary waiver at any time upon notice to the Natural Resources Fund.

Mid Cap Value Index Fund

Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Mid Cap Value Index Fund (after giving effect to asset-based breakpoints) by 0.15% of the Mid Cap Value Index Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Mid Cap Value Index Fund.

Funds Listed in Appendix A

The Adviser voluntarily agrees to reduce its management fee for each Fund, or if necessary make payment to the Fund, in an amount equal to the amount by which the “Expenses” of the Fund exceed the percentage of average annual net assets (on an annualized basis) of the Fund listed in Attachment A. “Expenses” means all the expenses of the Fund, excluding (a) taxes, (b) brokerage commissions, (c) interest expense, (d) litigation and indemnification expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business (e) advisory fees, (f) 12b-1 fees, (g) transfer agency fees and service fees, (h) blue-sky fees, (i) printing and postage fees, (j) underlying fund expenses (“acquired fund fees”) and (k) short dividend expense. This voluntary expense reimbursement will continue in effect until terminated at any time by the Adviser on notice to the Trust.

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Appendix A

Platform	Fund	Fund Name	Cap %	Expiration Date
JHF II	2CZC	JHF II Active Bond Fund	0.150%	Voluntary
JHF II	2DBN	JHF II All Cap Core Fund	0.200%	Voluntary
JHF II	2CVF	JHF II All Cap Value Fund	0.200%	Voluntary
JHF II	2CK2	JHF II Alpha Opportunities Fund	0.200%	Voluntary
JHF II	2CZY	JHF II Blue Chip Growth Fund	0.200%	Voluntary
JHF II	2CVA	JHF II Capital Appreciation Fund	0.200%	Voluntary
JHF II	2Y57	JHF II Capital Appreciation Value Fund	0.200%	Voluntary
JHF II	2Y73	JHF II China Emerging Leaders	0.250%	Voluntary
JHF II	2CZS	JHF II Core Bond Fund	0.150%	Voluntary
JHF II	2Y55	JHF II Absolute Return Currency Fund	0.150%	Voluntary
JHF II	2Y38	JHF II Emerging Markets Debt Fund	0.150%	Voluntary
JHF II	2DCN	JHF II Emerging Markets Fund	0.250%	Voluntary
JHF II	2CZ0	JHF II Equity-Income Fund	0.200%	Voluntary
JHF II	2DCU	JHF II Floating Rate Income	0.150%	Voluntary
JHF II		JHF II Fundamental Global Franchise Fund	0.250%	Voluntary
JHF II	2CVB	JHF II Fundamental Value Fund	0.200%	Voluntary
JHF II	2Y68	JHF II Fundamental All Cap Core Fund	0.200%	Voluntary
JHF II	2Y69	JHF II Fundamental Large Cap Core Fund	0.200%	Voluntary
JHF II	2Y70	JHF II Fundamental Large Cap Value Fund	0.200%	Voluntary
JHF II	2Y76	JHF II Absolute Return Strategies	0.200%	Voluntary
JHF II	2CZ1	JHF II Global Bond Fund	0.150%	Voluntary
JHF II		JHF II Global Equity Fund	0.250%	Voluntary
JHF II	2Y33	JHF II Global High Yield Fund	0.150%	Voluntary
JHF II	2DBH	JHF II Global Real Estate Fund	0.250%	Voluntary
JHF II	2Y74	JHF II Health Sciences Fund	0.200%	Voluntary
JHF II	2DAD	JHF II Heritage Fund	0.200%	Voluntary
JHF II	2CZ5	JHF II High Yield Fund	0.150%	Voluntary
JHF II		JHF II International Growth Equity Fund	0.250%	Voluntary
JHF II		JHF II International Growth Opportunities Fund	0.250%	Voluntary
JHF II	2Y53	JHF II International Growth Stock Fund	0.250%	Voluntary
JHF II	2CZ4	JHF II International Small Cap Fund	0.250%	Voluntary
JHF II	2DBF	JHF II International Small Company Fund	0.250%	Voluntary
JHF II	2CZ8	JHF II International Value Fund	0.250%	Voluntary
JHF II	2CZW	JHF II Investment Quality Bond Fund	0.150%	Voluntary
JHFII	2DCA	JHF II Retirement Living through 2010 Portfolio	0.100%	Voluntary
JHFII	2DCB	JHF II Retirement Living through 2015 Portfolio	0.100%	Voluntary
JHFII	2DCD	JHF II Retirement Living through 2020 Portfolio	0.100%	Voluntary
JHFII	2DCE	JHF II Retirement Living through 2025 Portfolio	0.100%	Voluntary
JHFII	2DCF	JHF II Retirement Living through 2030 Portfolio	0.100%	Voluntary
JHFII	2DCG	JHF II Retirement Living through 2035 Portfolio	0.100%	Voluntary
JHFII	2DCH	JHF II Retirement Living through 2040 Portfolio	0.100%	Voluntary
JHFII	2DCJ	JHF II Retirement Living through 2045 Portfolio	0.100%	Voluntary
JHFII	2Y59	JHF II Retirement Living through 2050 Portfolio	0.100%	Voluntary
JHF II	2CVL	JHF II Lifestyle Aggressive Portfolio	0.100%	Voluntary
JHF II	2CVI	JHF II Lifestyle Balanced Portfolio	0.100%	Voluntary

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JHF II	2CVG	JHF II Lifestyle Conservative Portfolio	0.100%	Voluntary
JHF II	2CVJ	JHF II Lifestyle Growth Portfolio	0.100%	Voluntary
JHF II	2CVH	JHF II Lifestyle Moderate Portfolio	0.100%	Voluntary
JHF II	2Y49	JHF II Mid Cap Growth Index Fund	0.075%	Voluntary
JHF II	2CZ7	JHF II Mid Cap Stock Fund	0.200%	Voluntary
JHF II	2DBR	JHF II Mid Cap Value Equity Fund	0.200%	Voluntary
JHF II	2Y48	JHF II Mid Cap Value Index Fund	0.075%	Voluntary
JHF II	2Y16	JHF II Mid Value Fund	0.200%	Voluntary
JHF II	2Y34	JHF II Short Duration Credit Opportunities Fund	0. 150%	Voluntary
JHF II	2Y54	JHF II Mutual Shares Fund	0.200%	Voluntary
JHF II	2CZF	JHF II Natural Resources Fund	0.200%	Voluntary
JHF II	2DBJ	JHF II Real Estate Equity Fund	0.200%	Voluntary
JHF II	2CZB	JHF II Real Estate Securities Fund	0.200%	Voluntary
JHF II	2CZE	JHF II Real Return Bond Fund	0.150%	Voluntary
JHF II	2Y72	JHF II Redwood Fund	0.200%	Voluntary
JHF II	2DCY	JHF II Small Cap Growth Fund	0.200%	Voluntary
JHF II	2CHK	JHF II Small Cap Opportunities Fund	0.200%	Voluntary
JHF II	2Y21	JHF II Small Cap Value Fund	0.200%	Voluntary
JHF II	2DAB	JHF II Small Company Growth Fund	0.200%	Voluntary
JHF II	2CZ6	JHF II Small Company Value Fund	0.200%	Voluntary
JHF II	2CKC	JHF II Smaller Company Growth Fund	0.200%	Voluntary
JHF II	2DAG	JHF II Spectrum Income Fund	0.150%	Voluntary
JHF II	2K2K	JHF II Strategic Equity Allocation Fund	0.200%	Voluntary
JHF II	2DBP	JHF II Strategic Income Opportunities Fund	0.150%	Voluntary
JHF II	2Y30	JHF II Technical Opportunities Fund	0.200%	Voluntary
JHF II	2CZ9	JHF II Total Return Fund	0.150%	Voluntary
JHF II	2CZU	JHF II U.S. High Yield Bond Fund	0.150%	Voluntary
JHF II	2DAF	JHF II U.S. Equity Fund	0.200%	Voluntary
JHF II		JHF II Science & Technology Fund	0.200%	Voluntary
JHF II	2DBY	JHF II Value Fund	0.200%	Voluntary

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